2011 BTN to RSD Historical Review

YEARLY HIGH

1.8098 RSD

YEARLY LOW

1.4310 RSD

YEARLY AVERAGE

1.5706 RSD

2011 BTN to RSD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the BTN to RSD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 11, valuing the pair at 1.8098. Conversely, the yearly low was recorded on October 27, dropping to 1.4310.

This high-to-low spread represents a total annual volatility of 0.3787 RSD. From a start-to-finish perspective, comparing the January average rate of 1.7287 to the December average rate of 1.4898, the exchange rate registered a net change of -13.82% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2011 high of 1.8098 was down 1.75% compared to the 2010 peak of 1.8420, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 BTN based on timing:

Yearly Peak High 9,049 RSD

2010 Average 8,500 RSD

Yearly Trough Low 7,155 RSD

Transaction Impact: A difference of 1,893.72 RSD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

1.7530

1.4614

JanuMarcMayJulySeptNove

BTN to RSD Seasonal Trends & Volatility Analysis

A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.

Seasonal Halves (H1 vs H2)

Seasonal

The average exchange rate in the first half of the year (H1: Jan–Jun) was 1.6116, compared to 1.5297 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0819 points.

H1 Avg (Jan–Jun) 1.6116

H2 Avg (Jul–Dec) 1.5297

Volatility Range Comparison

Volatility

The most volatile month in 2011 was January, with a trading range of 0.1612 RSD (High: 1.8098 / Low: 1.6486). On the other end, February was the most stable month, with a tight range of 0.0462 RSD (High: 1.6846 / Low: 1.6385).

January Spread (Volatile) ±0.1612

February Spread (Stable) ±0.0462

Growth Streaks & Declines

Trends

Between May and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.0654 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0654

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2011: 1.7287) against the same month in 2010 (average: 1.4772), the exchange rate shifted by +0.2515 (+17.03%).

2011 Avg (January) 1.7287

2010 Avg (January) 1.4772

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.8098	1.6486	1.7287
February	1.6846	1.6385	1.6633
March	1.6769	1.6063	1.6370
April	1.6307	1.5125	1.5777
May	1.5611	1.4794	1.5208
June	1.5905	1.4914	1.5418
July	1.6498	1.5514	1.6069
August	1.6168	1.5178	1.5690
September	1.5802	1.5063	1.5379
October	1.5536	1.4310	1.4857
November	1.5117	1.4629	1.4888
December	1.5389	1.4486	1.4898